NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Alere Inc. (“Alere” or “the Company”) (NYSE: ALR) between May 9, 2013 and April 20, 2016. You are hereby notified that a class action lawsuit has commenced in the USDC for the District of Massachusetts. To get more information go to:
http://www.zlk.com/pslra/alere-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company improperly recognized and reported revenue in violation of Generally Accepted Accounting Principles (“GAAP”); (2) that, as a result, the Company’s quarterly and annual SEC filings would be delayed; (3) that the Company lacked adequate internal controls over accounting and financial reporting; (4) and that, as a result of the aforementioned, the Company’s planned merger with Abbott Laboratories would be thrown into doubt.
On March 15, 2016, Alere filed a Form 8-K disclosing that the Company would be unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 in a timely fashion. Alere also acknowledged the March 11, 2016 receipt of a subpoena from the United States Department of Justice, “requesting the production of documents relating to, among other things, sales, sales practice and dealings with third-parties…”
If you suffered a loss in Alere you have until June 20, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
